Condo Apartment in Scarborough!
Fix & Flip or Rental Opportunity

$90K BELOW Market Value 

Eglinton Avenue East

By March 2nd, 2022
Realtors bring your clients, just add your commission to the purchase price!

Purchase this Property Today for $90K BELOW Market Value!
Closing Date: April 29th, 2022
The Seller has the option to extend or shorten closing up to 21 days given they provide the Buyers two week notice.

**Due to COVID-19 restrictions sight unseen offers are preferred.**

Eglinton Avenue East, Scarborough, Ontario

About the Property

This condo apartment is 1300 sqft and consists of 2 bedrooms 2 baths. The property is in move in condition if you are looking to rent it out. The kitchen, bathroom and bedrooms are all original and would require a facelift to max out the ARV for those looking for a flip project. This condo is perfect for an investor looking for a project to fix and flip or hold as a rental.

About the Neighbourhood 

The subject property is situated in a good neighbourhood in Scarborough. The property is located about a 10 minute drive to the Scarborough bluffs. This property is close to countless amenities such as restaurants, Wal-Mart, Tim Hortons,, Harveys, Dary Queen, McDonalds, and schools. This property is located about 30 minutes to downtown Toronto!

Property Features

• Condo apartment
• 2 bedrooms
• 2 bathrooms
• 1 parking spot
• No locker
• 1303 sqft
• Condo fees $1052 and includes everything but cable/internet
• Property taxes $1295
• Breaker panel
• Built in 1990

Recommended Renovations

• Full cosmetic renovation

We are selling our assignable purchase contract for this excellent Fix & Flip or Rental opportunity.

• Wholesale Price: $475,000 or Best Offer
• We believe that this property is worth $565,000 as-is on the MLS
• We believe that after a full renovation this property should be worth at least $620,000 on the MLS.
• Purchase today for $90K BELOW MARKET VALUE

Comparable Analysis

• Unit 409 – 3233 Eglinton Avenue sold for $565,000 17 days ago and is in the same building as the subject property. This condo is in original state and also requires a cosmetic facelift. The comparable is also a 2 bedrooms 2 baths unit and comes with one parking spot. Therefore, we believe the subject property is worth at least $565,000 on the MLS.
• Unit 504 – 90 Dale Avenue sold for $592,800 in January 2022. This comparable has had some renovations done but could still use some updating. It is slightly smaller in size and is reflected in the condo fees. After adjustments, and depending on finishes we believe our property would sell for at least $620,000 on the MLS.